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Avoid Hiring Pitfalls When Staffing a New Venture

Startup Professionals Musings

By Ernst Gemassmer Hiring the right people into the right positions of a new company is critical to getting funded, and the right people are as critical to success as the funding. Yet the hiring process in most small companies is usually haphazard, and low priority compared to all the other work that needs to get done.

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Be Careful not to be Penny Wise, Pound Foolish

Both Sides of the Table

I always say that it takes 18 months to un-train a big company employee from their bad habits when they join a startup. I will quote one portfolio company CEO who said about his office manager, “Mark, this is the most important hire we made last year. I was too much Accenture, not enough Startup.

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How to Work with Lawyers at a Startup

Both Sides of the Table

Forget to get around to setting up that Employee Stock Option Plan and want to be able to give the early guys their options at a low strike price? I know he’s smart but you wouldn’t hire a Javascript developer to do your database design – would you? Shame about that pesky FAS 157 ruling. Here’s a hack for you.

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What’s it Like Being a VC?

Both Sides of the Table

If I’m interested I get to spend more time with them, if I’m not I don’t have to – A few companies per month come in that have fascinating business ideas that warrant my spending more time trying to understand their people, company, technology and market. I work hard, don’t get me wrong.

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30 Money Saving Tips For Your Business

Up and Running

Take a look at your and your employee’s calendars- how many hours per week are spent in meetings? Hire capable employees with little work experience. Allow employees fewer hours. But there may be employees at your company who would transition to part-time (or even just four days a week) if given the opportunity.

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5 Best Indicators That It’s Time to Scale Your Business

Up and Running

If it were possible to stay a small business forever to cut significant costs from hiring new employees and equipment, everyone would be doing it. If the money isn’t there or the workload doesn’t warrant bringing in new employees, you should reconsider scaling. . Employees are constantly swamped. Leads keep coming.

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The Importance Of Blogging For Startups

YoungUpstarts

The benefits of this are self-evident but warrant discussing in any case – information sharing can open up a host of opportunities. Even if you are fairly tech savvy and an avid blogger, hiring an expert team is still recommended as they are experts in what they do and are probably far more experienced in the ins and outs of online marketing.